[BUSINESS]■ STORY TIMELINE
LYFT BEATS Q2 ESTIMATES, SIGNALS GROWTH SLOWDOWN
Lyft reported second-quarter revenue of $1.84 billion, exceeding analyst expectations of $1.81 billion, with rides climbing 12% to 262.4 million. However, the rideshare company projects Q3 gross bookings growth will decelerate to 15%-19%.
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Kelly Cloonan / Wall Street Journal: Lyft reports Q2 revenue up 16% YoY to $1.84B, vs. $1.81B est., rides up 12% to 262.…